Key Investment Insights
AI generated. Confirm details with the seller.
1. Prime location: The Manera Heights Apartments are located opposite the Dubbo Base Hospital, making it an ideal choice for medical professionals and patients seeking accommodation.
2. Strong investment opportunity: The property offers a great investment opportunity with 14 apartments and 2 adjacent 3 bedroom cottages on separate titles. The potential for further development with a current DA for 6 additional apartments adds to its value.
3. Fully serviced and self-contained: The apartments are fully serviced and self-contained, providing guests with a comfortable and convenient stay.
4. High turnover: The property has a turnover in excess of $800,000, indicating its profitability and potential for growth.
5. Longer term stays: The property's focus on longer term stays helps to promote its profitability and stability.
6. Low maintenance: With nothing to do but move in and reap the benefits, the property offers low maintenance and hassle-free ownership.
7. Rare opportunity: Opportunities like this, with a prime location and potential for further development, are rare and highly sought after.
8. Experienced broker: The property is listed with Tourism Brokers, a reputable and experienced broker in the hospitality industry.
9. Strong net profit: The projected net profit of $562,050 for 2022/23 further highlights the property's potential for high returns.
10. Potential for growth: With a current DA for additional apartments and the potential for further development, the property offers opportunities for growth and increased profitability.
